Richmont posts quarterly loss
Montreal-based Richmont Mines (RIC-T), which has operations in Quebec and Newfoundland, is feeling the pinch of low gold prices, increased cash costs and reduced production.The company posted a loss o…
News
Tahera funds work at Jericho (August 16, 1999)
Through a private placement, Tahera (TAH-T) intends to raise $3.5 million, a portion of which will be used to explore the Jericho diamond properties in the new Canadian territory of Nunavut.The privat…
Rubicon starts drill program at Palmer
Junior Rubicon Minerals (RMX-V) has begun a 5-to-8-hole, 4,000-ft. drill program at the Palmer base metal project in southeastern Alaska.The road-accessible project, 35 miles northwest of the port of …
Anglo explores Peruvian gold prospect
The Peruvian subsidiary of South African-based Anglogold (AU-N) has signed a letter-of-intent with Solitario Resources (SLR-T) to acquire an interest in the Sapalache gold property in northern Peru.An…
Geomaque tackles San Francisco costs
The San Francisco gold mine in Mexico continues to provide a steady stream of production to Geomaque Explorations (GEO-T), having churned out 17,532 oz. in the second quarter.The quarterly output brin…
Aquest seeing gold, antimony at Anabella
Drilling at the Anabella project in the western highlands of Guatemala has encountered intermittent zones of gold-antimony mineralization, reports operator Aquest Minerals (AQU-V).The results come fro…
Seabee production increases
Increased production from the Seabee mine in northern Saskatchewan kept Claude Resources (CRJ-T) in the black during the first half of 1999.Earnings during the period reached $1.9 million (6 cents per…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — EuroZinc, Grayd buck trend as VSE tumbles
The Vancouver Stock Exchange composite index nosedived 14.26 points, or 3.4%, over the report period ended Aug. 10 to close the week at 400.89. The mining index also lost ground, shedding 6.35 points,…
Sherritt spring earnings up
Toronto-based Sherritt International (S-T), which has operations in Canada and Cuba, is reaping the benefits of record oil production, upward-trending commodity prices and enhanced efficiency.The comp…
Companies (August 16, 1999)
AfrioreAlcanAlcoaAlusuisse LonzaAnaconda NickelAnglo American PlatinumAnglo AmericanAnglogoldAquest MineralsArmada GoldAshanti GoldfieldsAtna ResourcesAur ResourcesAuric ResourcesBarrick …
Teck expands drill program at Pogo
Favourable drill results from the Pogo gold project in central Alaska have induced operators to expand the program by 20,000 ft.The project is a joint venture between Teck (TEK-T) and the subsidiaries…
NAME CHANGE (August 09, 1999)
Bard Silver & Gold (BDS-V) has changed its name to Consolidated Bard Silver & Gold (CBS-V) on a 1-new-for-5-old-share basis.